As business owners, how are we going to afford to staff the store, pay employees and still make a profit when the minimum wage increase takes effect?
In this month's 3 Minute Tip, Rob answers that questions and educates us on the looming minimum wage increase and how you can make the adjustment within your business.
Part-time employees and minimum wage help are a reality in the ice cream business. As the minimum wage starts to increase from $7 all the way up to $15 (dollar amounts vary from state to state) it becomes concerning for a business owner because oftentimes, the line between making it and not making it can be very thin. So, It's probably best to acknowledge the fact that any minimum wage increase could have a serious effect on your business.
Watch the video above to learn what you can do both proactively and reactively to offset the money that will be coming out of your business when these changes take place. By implementing these procedures and changes within your frozen dessert you'll be able to combat these rising costs. You can also find more information on the topic here.